Mizuho Securities USA appoints new exec MD to build on equity business

Mizuho Securities USA ('MSUSA'), the US investment banking subsidiary of the global Mizuho Financial Group, announced the appointment of Matthew DeSalvo as Executive Managing Director and Head of its Equity Division on Tuesday.

In his new role, DeSalvo will focus on continuing to build out MSUSA’s equity businesses, including Japanese, US and Asian equity sales and trading product offerings in cash equities, convertibles, ETFs, program trading and equity finance, as well as US equity research and ECM. He will report to John S. Koudounis, MSUSA’s President and CEO.

DeSalvo has more than twenty-five years of financial service experience, most recently as Chief Operating Officer of CRT Capital, where he helped lead the expansion of the firm across all business lines. Prior to CRT, Mr. DeSalvo was a Managing Director and Americas Equity Trading & Sales Trading Head for Credit Suisse (2006-2012) and held several senior positions with Morgan Stanley (1985-2006), including Managing Director in charge of US Equity Distribution.

John Koudounis, MSUSA’s President and CEO, stated: 'Clients rely on MSUSA to provide the best coverage, pricing and execution across all asset classes to help successfully navigate the markets and achieve their financial objectives. With the addition of Matthew DeSalvo as Head of Equities, we have enhanced a key component of the MSUSA platform that will bring immediate benefits to clients while better aligning the business globally with Mizuho’s strengths in Japan and elsewhere in Asia and its US banking activities.'

Yasuo Agemura, Mizuho Securities Co., Ltd.’s Deputy President and Global Markets Head, stated: 'The Mizuho Securities Group serves a global client base and the addition of a deeply experienced leader like Matt DeSalvo is a clear demonstration of Mizuho’s strong and abiding commitment to the US market and its clients.'